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Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues:    
Total revenue $ 1,194,763 $ 1,144,585
Costs, expenses and (gains):    
General and administrative expense 573,532 495,040
Depreciation expense 2,027 1,191
Gain on sale of land and equipment (881,654) (34,711)
Total costs, expenses and (gains) (173,588) 603,456
Income from operations 1,368,351 541,129
Interest income 97,502 44,958
Income before income taxes 1,465,853 586,087
Federal and state income tax expense:    
Current 350,793 174,479
Deferred (111,255)
Total income taxes 350,793 63,224
Net income $ 1,115,060 $ 522,863
Per common stock, basic and diluted    
Net income (in dollars per share) $ 0.57 $ 0.27
Dividends (in dollars per share) $ 0.12 $ 0.10
Weighted average shares outstanding, basic and diluted (in shares) 1,942,495 1,942,495
Oil and Gas [Member]    
Revenues:    
Revenues from customers $ 581,463 $ 609,122
Costs, expenses and (gains):    
Cost of goods and services sold 63,231 62,315
Timber [Member]    
Revenues:    
Revenues from customers 454,177 224,111
Costs, expenses and (gains):    
Cost of goods and services sold 45,640 35,692
Surface Leases, Unrelated Parties [Member]    
Revenues:    
Revenues, leases 120,790 273,019
Surface Leases, Related Parties [Member]    
Revenues:    
Revenues, leases 38,333 38,333
Surface Leases [Member]    
Costs, expenses and (gains):    
Cost of goods and services sold $ 23,636 $ 43,929